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Bioniche Ranked Among Canada’s Top 100 Fastest-Growing Companies by PROFIT Magazine

08/06/04

-- Company Recognized for a Second Consecutive Year --

BELLEVILLE ON, June 8, 2004 – Bioniche Life Sciences Inc., a fully-integrated, leading Canadian human and animal biopharmaceutical company, today announced that it has been recognized, for a second consecutive year, as an exclusive member of PROFIT 100. Bioniche placed 88th in the 16th annual ranking of Canada’s fastest-growing companies by PROFIT: Your Guide to Business Success, announced on Sunday, June 6, 2004.

The PROFIT 100 is Canada's authoritative ranking of high-growth companies, celebrating the achievements of Canada’s most successful firms based upon their five-year revenue growth. Results of PROFIT’s annual survey, with stories profiling top-growth leaders, have been published in the June issue of PROFIT, available on newsstands June 7, 2004 (also online at www.PROFITguide.com).

Bioniche’s 88th place ranking in the 2004 list recognizes the Company’s revenues of $51,559,268 in 2003, a growth rate of 821% over 1998 revenues.

“We are pleased to once again be recognized as a leader among Canada’s fastest-growing companies,” said Graeme McRae, President and CEO of Bioniche Life Sciences Inc. “We continue to pursue the development of technologies intended to improve quality of life, including effective treatments for bladder cancer, and a vaccine to prevent E. coli O157:H7 contamination of food and water.”

“We’re happy to welcome the 2004 PROFIT 100 winners to the most exclusive peer group of its kind in Canada,” said Ian Portsmouth, Editor of PROFIT. “Canada’s Fastest-Growing Companies are generating the innovation needed to succeed on a global scale.”

About PROFIT Magazine

PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada’s fastest-growing companies. Each year, PROFIT – which currently reaches more than 467,000 readers nationally – hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April, 1982 as Canada’s first national magazine geared to entrepreneurs. Visit www.PROFITguide.com). for more information.

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